This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.Need a new registration confirmation email? Click here

The Night Watch: Handheld Makers Dive on Palm Warning

Investors were selling shares of handheld computer makers after the close Thursday following news that
Palm(PALM) will
miss analysts' revenue estimates
for the current quarter.

Palm was down 17% to $1.83 in Instinet trading after the bell, and the other well-known names in the sector were also suffering.
Handspring(HAND) was down 6.9% to $1.88, and
Research in Motion(RIMM) was off 5.5% to $13.85.

Cray(CRAY) was the volume leader, trading up 1.3% to $3.98. The
Nasdaq 100 Unit Trust(QQQ) was also active, tacking on 0.2% to $30.60.

Overall, volume was again on the light side. In the first two hours of extra trading, around 2 million shares changed hands among the 20 most active stocks on the Instinet platform.

Elsewhere among the most actives,
Ericsson(ERICY) was up 0.7%.
Microsoft(MSFT) was inching up 0.1%, and
Intel(INTC - Get Report) was gaining 0.5%.

Cisco(CSCO - Get Report) and
Oracle(ORCL) were each adding 0.2%.
Starbucks(SBUX) was gaining 2.5% to $24.17 after the company said same-store sales rose 10% in May.

One of the big losers of the session was
KPNQwest(KQIPQ), the European network operator that last week filed for bankruptcy. The stock was plunging 3 cents, or 12%, to 22 cents after the bell. In regular trading, KPNQwest skyrocketed 79% to 25 cents on speculation that
AT&T(T) might be interested in acquiring the company's assets.

Product Features:

To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.